Vancouver housing prices down 8.8% since May


	Vancouver housing prices down 8.8% since May

stanyao

12-24-2008 7:33 PM

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stanyao says:

If the beginning of the Canadian real estate down trend is 1 year after that of the US. Shall we wish the bottom in the US is 1 year earlier (2009) than Canada?

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e7c60985-bd6d-4234-b2f6-4d1964fd473d/332E0E16-440A-41AC-84E7-FFEB86D008F0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.theglobeandmail.com/servlet/story/LAC.20081104.BCHOUSING04/TPStory/National" href="http://www.theglobeandmail.com/servlet/story/LAC.20081104.BCHOUSING04/TPStory/National" style="font-size: 11px;">www.theglobeandmail.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theglobeandmail.com/servlet/story/LAC.20081104.BCHOUSING04/TPStory/National"><H3 id="deck">Latest industry figures confirm boom is over, more declines ahead</H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theglobeandmail.com/servlet/story/LAC.20081104.BCHOUSING04/TPStory/National"><P>VANCOUVER -- Housing prices have fallen 8.8 per cent in the Vancouver area since May, according to new figures from the Real Estate Board of Greater Vancouver.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theglobeandmail.com/servlet/story/LAC.20081104.BCHOUSING04/TPStory/National"><P>It is the latest official assessment that has declared the boom in the real estate market in Vancouver and British Columbia to be over for now.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theglobeandmail.com/servlet/story/LAC.20081104.BCHOUSING04/TPStory/National"><P>Two weeks ago, Central 1 Credit Union said housing prices in the province could fall as much as 20 per cent by 2010 from this year's peak.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theglobeandmail.com/servlet/story/LAC.20081104.BCHOUSING04/TPStory/National"><P>"Today's housing market is characterized by moderating home prices and wide selection," Mr. Watt said. "It's definitely a buyer's market."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/332E0E16-440A-41AC-84E7-FFEB86D008F0/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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